EVENING. Business.

Job cuts spike: U.S. corporations cut 58 percent more jobs...

April 06, 2000

Job cuts spike: U.S. corporations cut 58 percent more jobs in March than in February, the international outplacement firm Challenger, Gray & Christmas reported Thursday in its monthly job-cuts report. Job-cut announcements for March were the largest since September 1999, totaling 55,783, compared to February's 35,415. But the monthly total was 19 percent below the number of job cuts announced the same month a year ago, the report said. The financial services industry had pared the largest number of jobs at 12,120.